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SuperValu Announces Resignation of CFO and COO Bruce Besanko

SuperValu Announces Resignation of CFO and COO Bruce Besanko

Monday, June 26th, 2017

As retailers throughout the U.S. market look to hone their leaders in order to gain a step up in the competitive marketplace, SuperValu will be bringing a new face to its team in the near future. Current Executive Vice President, Chief Operating Officer and Chief Financial Officer Bruce Besanko has announced his resignation.

Bruce Besanko, Executive Vice President, Chief Operating Officer, and Chief Financial Officer, SuperValuBesanko informed the company’s Board of Directors of his intention to resign his positions with SuperValu, according to a press release. SuperValu stated that Besanko is pursuing an opportunity outside of the company, and will depart July 5, 2017.

As Besanko exits his roles, the company has announced that current Executive Vice President, Chief Strategy Officer, Rob Woseth, will now assume the role of Interim Chief Financial Officer. David Johnson will assume the role of Interim Vice Chief Accounting Officer in addition to his role as Vice President, Controller, as the company searches for a permanent Chief Financial Officer. 

Mark Gross, CEO, SuperValu“On behalf of SuperValu, I want to thank Bruce for his service over the past four years. Bruce made numerous contributions to this organization, including improvements to the Company’s capital structure that have laid the groundwork for our transformation. We wish Bruce well in his future endeavors,” said Mark Gross, President and Chief Executive Officer. “Rob and David are important leaders at the Company, and I am very pleased that they will assume these interim roles.”

SuperValu Storefront

SuperValu recently completed its acquisition of Unified Grocers. The deal was brought to fruition last week, and is valued at $390 million. This specific move was “a significant step forward for SuperValu and the growth of our wholesale business,” according to Gross.

The StarTribune reported that Besanko oversaw SuperValu’s five banners, which includes Cub Foods. 

Who will lead the company’s banners as the search continues for SuperValu’s leadership? Deli Market News will report.